Paxos' newly launched stablecoin USDL is now available to Argentine users
According to official sources, Paxos' UAE branch, Paxos International, announced that Lift Dollar (USDL) is now available to Argentine users through distribution partners Ripio, Buenbit, Manteca, and Plus Crypto. Prior to this, Paxos International announced the launch of Lift Dollar (USDL). It is reported to be the first regulated stablecoin that can provide daily returns to holders, offering users an average daily programmatic interest rate of about 5%, consistent with the US Treasury yield. USDL is regulated by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and is denominated in US dollars.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tether’s USDT Surge Highlights Unmatched Dominance in the Stablecoin Market
OpenSea users claim NFTs are securities in proposed class suit
Australia to require crypto firms to hold financial services licenses
BlackRock gets SEC approval for Bitcoin ETF options trading